How Payroll Has Changed Post Covid-19

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How Payroll Has Changed Post Covid-19
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• The continuity plans of businesses large and
  small have been consistently challenged over the
  past 6 months, and with no definite end to the
  pandemic in sight, they remain a challenge. With
  more employees choosing (or being instructed) to
  work from home, business and their workers have
  been forced to rethink many of their duties and
  responsibilities, payroll included.
• Whether youre an employee or a business owner,
  the importance of payroll can never be
  underestimated, and just as workers want to be
  paid correctly and on time, managers and owners
  know that they must calculate pay and complete
  tax requirements without fail every month. With
  the repercussions of the ongoing pandemic still
  being felt, companies of all sizes are under
  pressure to make appropriate and effective
  adjustments to their systems.

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• Below are some of the challenges faced by many
  businesses when trying to adapt to a new, more
  remote way of working and paying employees
• Constantly evolving laws
• By its very nature, emergency legislation can
  change at the drop of the hat, and its vital
  that employers stay up to date and integrate it
  into their existing policies as quickly as
  possible. Changes may need to be made to sick
  pay, overtime and leave, and any new rules must
  be scrutinized and thoroughly understood.

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• One way of ensuring that as an employer, you
  always stay on the right side of changing
  legislation, is by outsourcing your payroll
  responsibilities the payroll experts assigned to
  work for you will be up to date with any changes
  to tax and payroll responsibilities, and will
  ensure that you remain compliant at all times.
• Changing workplace trends
• With the ongoing global pandemic, many employees
  may need to adjust their planned leave or travel
  plans either due to sickness or travel
  restrictions - and some of these changes could
  come at short notice, through no fault of their
  own. With that in mind, employers will need to
  examine their flexibility regarding adjustments
  to paid and unpaid vacation.

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• The pandemic has already caused many companies to
  rethink their employee headcount, and while some
  local government support measures are in place to
  help businesses, many are still being forced to
  place employees on shorter workweeks or on unpaid
  leave. Overtime policies and the use of
  contractors may also need to be examined, and
  each of these adjustments will have direct
  implications for both payroll and taxes in the
  short and medium-term.
• Dealing with these accelerated changes as the
  global situation changes from week to week, and
  in some cases, from day to day, is imperative,
  and working with a payroll provider can help
  simplify the situation and enable you to stay up
  to date with changes as they happen.

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• In conclusion, payroll has certainly changed
  since the outbreak of Covid-19, but perhaps more
  importantly, its set to continue changing for
  some time to come. Therefore, the need to stay up
  to date with payroll adjustments and changes to
  legislation is essential, and thankfully,
  outsourced payroll providers can help you do
  exactly that.
• At Heyer Associates, we proactively assist our
  individual and small business clients in meeting
  their goals. Our key area of focus is ensuring
  that our clients remain compliant with federal
  and state tax laws by providing them with high
  quality accounting and tax services Miami Beach.
  If you are looking for individual tax preparation
  in Miami Gardens, Heyer Associates would be a
  right option.